sw-tor-credits.com: taking Advantage of the Galactic Trading Network
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So the very first strategy you will be learning is perhaps the most risky one of them all. The reason why you should learn this one however is to show you how exactly the Galactic Trading Network works for a lot of players. It is not just a place to sell items that you gather from professions and various other methods, but you can actually make money by just investing into the Galactic Trading Network itself.
Think of the Galactic Trading Network as the stock market, except for it is a little different. The goal of this strategy is to make money with the minimal amount of work, after all isn't that the American dream? That is pretty much why people invest in the stock market, to make money without needing to actually work. However, this is the riskiest form of making money and often results in a loss of money for people that are not wise investors. People lose money in the stock market all the time to do something happening to a stock that they did not expect, or did not think would happen. This will be similar to you experience within the game, however, in the end you want your earnings to far outweigh the amount you lose in investments. You can not always expect to make money because there is a risk factor, but when you do you can plan on bringing in outrageous amounts.
To actually invest in the Galactic Trading Network you need to find items that are selling for a low amount, at least a lot lower then what they usually go for. This however, is easier said then done. In order to know if a product is selling for a lot lower then it typically is, you have to know exactly how much it is usually worth. To do this you need to pay attention to the Galactic Trading Network before you even begin investing. Keep an eye on prices and make note of how much things usually sell for. Also, keep track of how much your items sell for. These will be the items that you will be the most familiar with, so they may be the smartest products for you to invest in. Keep a written record of how many different products are worth on average so that you can come back and check on it daily.
Once you have gained the needed knowledge and have kept an accurate written record of how much various things are worth, you can begin to start investing into different items. Look through the Galactic Trading Network and search through the items and try to find one that has a ton of listings, or a lot of undercutting. Undercutting is the key to lowering the value of a product, which is how you will be able to buy products as such low amounts. Purchase a ton of low-value undercut products, and then store them for later. You do not want to resell quite yet since demand for the product is low due to the low prices, not to mention you would be selling the product for how much you bought it which wouldn't earn you any money at all.
Not is the time to play the waiting game, which does take patience. Wait for a few days, or maybe even weeks, and keep an eye on the product in the Galactic Trading Network. Over time the undercutting problem should resolve itself because people will not want to sell their products for such little amounts, so they will stop posting them. As time goes by people will by the cheap products, which will gradually work its way up to the more expensive ones as the low priced products become sold out. Finally, the products will be back to either normal price or maybe a little higher, making it the perfect time to strike.
You need to time it right if you want to make money using this method. You have to sell at just the right moment to make the most amount of profit, or any profit at all. Once prices are back to normal, or preferably even higher then they were previously, you need to put your items back into the Galactic Trading Network. Now once again, you need to play the waiting game. You now have to wait for somebody to come along and buy your product. Once the sale is complete you will receive your money, making your first profit by using this method.
Tips
- If somebody undercuts your product by only a few Credits, undercut them back. This will make you earn less profit in the end, but it will make it so that your products actually sell. This is why you need to constantly keep an eye on the prices of your product, even during the selling process.
- If another player puts up the same item but drastically undercuts you, do not try to re-undercut them. Instead, buy their items and bring the price up to yours. You will profit from their need of a quick sale.
- If a players puts a bunch of items on the Galactic Trading Network and the undercuts are causing the prices to lower quickly, do not get caught in the undercutting, as this will end up making you go right back to where you originally bought the product from. Instead, wait it out until prices go back up rather then offering your goods for less then they are worth.
- Try to focus on selling material items that are required for crafting skills, as people are typically willing to pay high prices when there is no other option because they do not want to have to gather the materials themselves, otherwise they wouldn't be searching for materials in the Galactic Trading Network!
Now that you have gone through the entire process, and since you are a great investor, you brought in some money! This is known as profit, and is what you are shooting for. You can now take the money you earned and reinvest it, saving some on the side just in case things do not go well. Reinvesting is an important part of this strategy, as this is not a one time deal. You need to constantly invest and work towards making money.
Just like in the stock market, you should never invest in just one thing. While you will make a ton should that one stock, or in this case that one item, go up in value dramatically, you are eventually bound to lose ALL your money at this rate. There will come a item that you just do not make money on, and if you are constantly investing all your money into single items, if you come across that item during this time it will cost you a ton of Credits and will be an incredibly large waste of time. You are not in this to lose Credits, so be smart and put your money into multiple items that you believe will go up in value.
While this method may seem easy and profitable when written out and laid out simply like this, it is actually very difficult. It is hard to find the best undercut products at the right time and you actually have to invest a lot of time into searching for these products. Sometimes there will be absolutely no undercut products and you will find that you have just wasted your time. This is also a time when many people become desperate and invest into a product that isn't undercut, so they either end up losing money or not making any money at all. The key to not becoming one of these people is to be patient and wait these tough times out. This credit earning technique works off of supply and demand, except you make things work in your favor.
Since this method is all about patience, there are other things you can do during your free time. Use this time, while waiting for either a products price to skyrocket or for a sale to be made, to use some of the other money making strategies listed in this guide. This does not have to be your sole method of earning money, in fact you can use it just to bring in extra cash alongside your other money making methods.
This method also requires a money investment, which requires that you first have some money to invest. You will need to use some of the other money making techniques before you can use this one, but this may not be such a bad thing. This will give you time to familiarize yourself with the Galactic Trading Network, as well as giving you time to find specific products of interest.
Overall Pros of this Technique
It is the easiest way to make money and requires the least amount of work. It is also the very best way to earn Credits, especially since it doesn't require you to go out and find certain things or search for specific nodes. This method can also be a lot of fun for those that like to mess around within the Galactic Trading Network, or any other player trading type of network.
Overall Cons of this Technique
This method requires that you have money to invest, otherwise you will not be able to purchase the large quantity of items it requires to actually make money. This method is also the riskiest as you can lose just as much money as you can make. It requires a wise investor to make intelligent decisions, as well as to try and avoid other players who are doing the same thing with the same product so that both players do not end up losing profit. It also requires the player to be able to research prices of specific items and memorize the average pricing.
Welcome to be a member of sw-tor-credits,you can get three times reward points on every wednesday Never forget to use 8% discount code SW1TOR to buy swtor credits for saving your money from http://www.sw-tor-credits.com.
So the very first strategy you will be learning is perhaps the most risky one of them all. The reason why you should learn this one however is to show you how exactly the Galactic Trading Network works for a lot of players. It is not just a place to sell items that you gather from professions and various other methods, but you can actually make money by just investing into the Galactic Trading Network itself.
Think of the Galactic Trading Network as the stock market, except for it is a little different. The goal of this strategy is to make money with the minimal amount of work, after all isn't that the American dream? That is pretty much why people invest in the stock market, to make money without needing to actually work. However, this is the riskiest form of making money and often results in a loss of money for people that are not wise investors. People lose money in the stock market all the time to do something happening to a stock that they did not expect, or did not think would happen. This will be similar to you experience within the game, however, in the end you want your earnings to far outweigh the amount you lose in investments. You can not always expect to make money because there is a risk factor, but when you do you can plan on bringing in outrageous amounts.
To actually invest in the Galactic Trading Network you need to find items that are selling for a low amount, at least a lot lower then what they usually go for. This however, is easier said then done. In order to know if a product is selling for a lot lower then it typically is, you have to know exactly how much it is usually worth. To do this you need to pay attention to the Galactic Trading Network before you even begin investing. Keep an eye on prices and make note of how much things usually sell for. Also, keep track of how much your items sell for. These will be the items that you will be the most familiar with, so they may be the smartest products for you to invest in. Keep a written record of how many different products are worth on average so that you can come back and check on it daily.
Once you have gained the needed knowledge and have kept an accurate written record of how much various things are worth, you can begin to start investing into different items. Look through the Galactic Trading Network and search through the items and try to find one that has a ton of listings, or a lot of undercutting. Undercutting is the key to lowering the value of a product, which is how you will be able to buy products as such low amounts. Purchase a ton of low-value undercut products, and then store them for later. You do not want to resell quite yet since demand for the product is low due to the low prices, not to mention you would be selling the product for how much you bought it which wouldn't earn you any money at all.
Not is the time to play the waiting game, which does take patience. Wait for a few days, or maybe even weeks, and keep an eye on the product in the Galactic Trading Network. Over time the undercutting problem should resolve itself because people will not want to sell their products for such little amounts, so they will stop posting them. As time goes by people will by the cheap products, which will gradually work its way up to the more expensive ones as the low priced products become sold out. Finally, the products will be back to either normal price or maybe a little higher, making it the perfect time to strike.
You need to time it right if you want to make money using this method. You have to sell at just the right moment to make the most amount of profit, or any profit at all. Once prices are back to normal, or preferably even higher then they were previously, you need to put your items back into the Galactic Trading Network. Now once again, you need to play the waiting game. You now have to wait for somebody to come along and buy your product. Once the sale is complete you will receive your money, making your first profit by using this method.
Tips
- If somebody undercuts your product by only a few Credits, undercut them back. This will make you earn less profit in the end, but it will make it so that your products actually sell. This is why you need to constantly keep an eye on the prices of your product, even during the selling process.
- If another player puts up the same item but drastically undercuts you, do not try to re-undercut them. Instead, buy their items and bring the price up to yours. You will profit from their need of a quick sale.
- If a players puts a bunch of items on the Galactic Trading Network and the undercuts are causing the prices to lower quickly, do not get caught in the undercutting, as this will end up making you go right back to where you originally bought the product from. Instead, wait it out until prices go back up rather then offering your goods for less then they are worth.
- Try to focus on selling material items that are required for crafting skills, as people are typically willing to pay high prices when there is no other option because they do not want to have to gather the materials themselves, otherwise they wouldn't be searching for materials in the Galactic Trading Network!
Now that you have gone through the entire process, and since you are a great investor, you brought in some money! This is known as profit, and is what you are shooting for. You can now take the money you earned and reinvest it, saving some on the side just in case things do not go well. Reinvesting is an important part of this strategy, as this is not a one time deal. You need to constantly invest and work towards making money.
Just like in the stock market, you should never invest in just one thing. While you will make a ton should that one stock, or in this case that one item, go up in value dramatically, you are eventually bound to lose ALL your money at this rate. There will come a item that you just do not make money on, and if you are constantly investing all your money into single items, if you come across that item during this time it will cost you a ton of Credits and will be an incredibly large waste of time. You are not in this to lose Credits, so be smart and put your money into multiple items that you believe will go up in value.
While this method may seem easy and profitable when written out and laid out simply like this, it is actually very difficult. It is hard to find the best undercut products at the right time and you actually have to invest a lot of time into searching for these products. Sometimes there will be absolutely no undercut products and you will find that you have just wasted your time. This is also a time when many people become desperate and invest into a product that isn't undercut, so they either end up losing money or not making any money at all. The key to not becoming one of these people is to be patient and wait these tough times out. This credit earning technique works off of supply and demand, except you make things work in your favor.
Since this method is all about patience, there are other things you can do during your free time. Use this time, while waiting for either a products price to skyrocket or for a sale to be made, to use some of the other money making strategies listed in this guide. This does not have to be your sole method of earning money, in fact you can use it just to bring in extra cash alongside your other money making methods.
This method also requires a money investment, which requires that you first have some money to invest. You will need to use some of the other money making techniques before you can use this one, but this may not be such a bad thing. This will give you time to familiarize yourself with the Galactic Trading Network, as well as giving you time to find specific products of interest.
Overall Pros of this Technique
It is the easiest way to make money and requires the least amount of work. It is also the very best way to earn Credits, especially since it doesn't require you to go out and find certain things or search for specific nodes. This method can also be a lot of fun for those that like to mess around within the Galactic Trading Network, or any other player trading type of network.
Overall Cons of this Technique
This method requires that you have money to invest, otherwise you will not be able to purchase the large quantity of items it requires to actually make money. This method is also the riskiest as you can lose just as much money as you can make. It requires a wise investor to make intelligent decisions, as well as to try and avoid other players who are doing the same thing with the same product so that both players do not end up losing profit. It also requires the player to be able to research prices of specific items and memorize the average pricing.
Welcome to be a member of sw-tor-credits,you can get three times reward points on every wednesday Never forget to use 8% discount code SW1TOR to buy swtor credits for saving your money from http://www.sw-tor-credits.com.
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